From 1990 to 2004, developed countries that experienced larger increases in Real GDP tended also to experience higher rates of
A. population growth.
B. unemployment.
C. deflation.
D. productivity growth.
Answer: D
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Refer to the scenario above. This is an example of a(n) ________
A) extensive-form game B) simultaneous-move game C) zero-sum game D) mixed strategy game
A reliable indicator of a healthy economy is an appreciating currency
a. True b. False
An increase in the price of the good measured along the vertical axis will cause the budget line to
A. shift outward. B. shift inward. C. become steeper. D. become flatter.
The supply curve of a perfectly competitive firm in the short run is
A) the firm's average variable cost curve. B) the portion of the firm's marginal cost curve below the minimum point of the average variable cost curve. C) the portion of the firm's marginal cost curve above the minimum point of the average variable cost curve. D) the portion of the firm's marginal cost curve above the minimum point of the average total cost curve.